The realty players are pinning their hopes on the forthcoming Budget 2013-14 for a much needed Regulatory Bill and attainment of Industry status. The Confederation of Real Estate Developers' Associations of India (CREDAI) - NCR and Federation of Indian Chambers of Commerce and Industry ( FICCI) have been rooting for the same to the government for some time now.
The cry for Industry status is being echoed this year by experts after it was left unheard in the last budget. This is of foremost importance since this will help the real estate sector to easily get finance from banks..........................................Full Article: Source